$2,494 Closing Credit*
$210,000
1,356 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Trilogy Real Estate
Is 56537, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, 56537 has remained a Seller's Market.
Key Takeaway
56537 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 56537, MN
How much do homes in 56537, MN cost?
Median Sold Price
$226,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$3,525(+1.6%)
Key Takeaway
Homes in 56537 have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in 56537 was $226,000 in December 2024, up 1.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | $100.7K | +3.3% |
| 2 Bedrooms | $167.4K | $165K | -1.4% |
| 3 Bedrooms | $211.6K | $219.9K | +3.9% |
| 4 Bedrooms | $250K | $274K | +9.6% |
| 5+ Bedrooms | $272.4K | $376.5K | +38.2% |
Summary: 56537 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 38.2%.
Housing Supply in 56537, MN
How many homes are available in 56537, MN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 63 | 57 | -9.5% |
Summary: The 56537 real estate market had 57 homes for sale in December 2024, a 9.5% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 31 | 30 | -3.2% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The 56537 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 56537, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 56537 in December 2024, down by 6.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for 56537, MN
How long does it take to sell a home in 56537, MN?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 46 Days | 73 Days | +57.9% |
Summary: Homes in 56537 had an average of 73 days on market in Dec 2024, up by 57.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 56537 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in 56537; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
